Another condition precedent is that which requires suit to be brought within a limited time stated in the policy of insurance. In California, a statute was enacted extending the time for insured’s to sue their insurers for claims handling failures as a result of the 1994 Northridge earthquake. The Court found that the legislation reviving certain time-barred claims against insurers resulting from the Northridge earthquake did not preclude insureds who did not file suit within revival period from alleging, pursuant to longstanding law, that their failure to file timely actions is excused under principles of equitable estoppel.
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